European Commission

344 results about this entity

Period: 16 Nov 2001 - 12 Feb 2025

Apply Cancel
Eurozone banks told to ditch direct debit interchange by 2012

Eurozone banks told to ditch direct debit interchange by 2012

Europe's banks have been told that they will have to ditch interchange fees on direct debit transactions by 2012 under EU antitrust rules.

CDS dealers bow to pressure and commit to EU clearing counterparty

CDS dealers bow to pressure and commit to EU clearing counterparty

Nine of the leading dealer firms in the credit default swaps markets have committed to the use of central counterparty clearing for CDS in the European Union by end-July 2009.

EC rule changes to give boost to e-invoicing

EC rule changes to give boost to e-invoicing

The European Commission has agreed to proposals for a new set of rules designed to eliminate the current barriers to e-invoicing in the VAT Directive by treating paper and electronic invoices equally.

European Commission ready to mandate central clearing for CDS deals - Reuters

European Commission ready to mandate central clearing for CDS deals - Reuters

The European Commission is set to introduce legislation forcing market participants to adopt central clearing of credit derivatives transactions, an anonymous source from the EU's executive body has told Reuters.

Visa Europe says close to EC deal on interchange fees

Visa Europe says close to EC deal on interchange fees

Visa Europe's CEO Peter Ayliffe says he expects to reach an agreement with the European Commission (EC) over interchange fees charged for cross-border card transactions by the end of the year.

EC initiates antitrust case against S&P

EC initiates antitrust case against S&P

The European Commission (EC) has opened formal proceedings against Standard & Poor's (S&P) to look into whether the US firm abused its dominant market position by forcing financial firms to pay for the use of US securities numbering codes when accessing data from third party vendors.

UBS to switch clearing to SIS X-Clear

UBS to switch clearing to SIS X-Clear

UBS is set to become the first London Stock Exchange client to switch its clearing from incumbent provider LCH.Clearnet to Switzerland's X-Clear, under a new competitive clearing regime introduced by the LSE in September.

EC clamps down on cross-border direct debit charges

EC clamps down on cross-border direct debit charges

The European Commission (EC) says it is proposing an extension of existing regulations to ensure that cross-border direct debit payments made in euros cost the same as domestic transactions.

EC sets out e-money legal framework

EC sets out e-money legal framework

The European Commission (EC) has set out proposals for a legal framework governing the issuance of electronic money which it hopes will accelerate take-up of the technology.

European clearing code failing to deliver

European clearing code failing to deliver

More than 80 formal applications have been made by clearing and settlement houses for interoperability and mutual access in accordance with the European Commission's voluntary code of conduct, but none has gone live.

EC moves to kick start Sepa direct debit scheme

EC moves to kick start Sepa direct debit scheme

EU authorities have called on banks to push ahead with plans to introduce a pan-European direct debit payments system, even if interchange fees are initially charged for cross-border transactions.

European Payment Council clears up Sepa for Cards confusion

European Payment Council clears up Sepa for Cards confusion

The European Commission and the European Central Bank have welcomed a document published by the banking industry-backed European Payment Council that paves the way for a competitive single market for card payment card schemes by 2010.

Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

Please read our Privacy Policy.

Accept